Emerging Cyberthreats to Global Financial Inclusion
Increasingly powerful AI tools are enabling malicious actors to target financial services systems and institutions the world over. Recently the IMF found cyber-enabled fraud has nearly tripled, with losses falling hardest on developing countries. And that was before a new generation of AI models powerful enough to spur an emergency meeting between the US Federal Reserve and the CEOs of the largest banks in the world. These emerging threats are in no way confined to large multinational banks, however. AI lowers the costs of cyberattacks, increasing the number of organizations at risk.
This faiVLive focused on better understanding the emerging risks, and sought to catalyze informed collective action in the financial inclusion community.
About this Webinar
Recorded
Speaker Bios
Beni Chugh
Beni Chugh heads the Future of Finance Initiative at Dvara Research. Her work focuses on identifying systemic stability and consumer protection concerns in digital finance. Beni holds a Master’s in Public Policy from NLSIU, Bangalore and an M.A in Development Economics from the South Asian University, New Delhi.
Buhle Goslar
Buhle Goslar is a fintech leader advancing technology solutions for customer empowerment and inclusive economic growth. She is the Chairperson and Independent Director of Lula, an SME-native neobank; a Board Director of Aceli Africa, a platform mobilizing capital to boost agricultural finance; the chair of the ExCom of CGAP; and a strategic advisor to several leading tech startups.
Patrick McKenzie
Patrick McKenzie writes Bits about Money, online essays about the modern financial infrastructure that the world sits atop of. He also hosts the podcast, Complex Systems, about technology, finance and systems thinking. He built four software companies and America's shadow vaccine info infrastructure. He is an advisor at Stripe.
Andrée Simon
Andrée Simon is the President and Global CEO of FINCA International. From 2016 to 2023, Andrée served as President and CEO of FINCA’s global network of community-based microfinance banks and institutions known as FINCA Impact Finance (FIF). Most recently, Andrée led the transformation of FIF’s business model during the global pandemic toward digitization and optimization, creating better value for customers and resilience for the network.
Tim Ogden (Moderator)
Tim Ogden is Managing Director of the Financial Access Initiative, a research center exploring how financial services can better meet the needs and improve the lives of poor households. He also serves as the managing director of the Small Firm Diaries project, and was the managing director of the US Financial Diaries project. He is a co-founder of Sona Partners, a thought leadership communications firm. He is the author of Experimental Conversations, a collection of interviews with leading development economists, and co-author of Toyota Under Fire.
